Finance
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Believe ItRupee's wild ride: Down to 91.71, but we're not giving up!
Listen up! The rupee took a nosedive to 91.71 per dollar on Wednesday, thanks to foreign investors making a quick exit and a gloomy global vibe. The RBI jumped in like a ninja, trying to save the day by selling dollars! But watch out, we might hit 92 soon! Never give up, believe it!
few days ago | Anjali Kumari
Quick rundown
1.Rupee hits a new low at 91.71 per dollar.
2.RBI steps in with unofficial swaps to stabilize the rupee.
3.Persistent foreign outflows and global risks pressure the rupee.
4.Japan's yen carry trade unwinding affects emerging markets.
5.Rupee expected to test 92 per dollar soon.
